Consider a simulation of a process where each trial includes 1000 iterations, and the main output of

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Consider a simulation of a process where each trial includes 1000 iterations, and the main output of the average service time (including queue time for the 1000 customers. The results of 6 trials are shown below.

Trial 1: 27.43

Trial 2: 23.65

Trial 3: 32.49

Trial 4: 19.38

Trial 5: 25.81

Trial 6: 28.77

Calculate the 95% confidence interval for this process's average service time (in minutes)?

Related Book For answer-question

Introduction to Management Science A Modeling and Cases Studies Approach with Spreadsheets

ISBN: 978-0078024061

5th edition

Authors: Frederick S. Hillier, Mark S. Hillier

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Posted Date: May 17, 2023 06:06 AM

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Consider a simulation of a process where each trial includes 1000 iterations, and the main output of

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To calculate the 95 confidence interval for the average service time you can use the formula Confide... View the full answer

Introduction to Management Science A Modeling and Cases Studies Approach with Spreadsheets

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